Ethereum’s bull run: Traders show confidence as ETH’s price climbs

has been experiencing a series of uptrends, with any declines noted being too mild to impact its overall upward trajectory significantly.revealed significant activity. This ratio has experienced notable spikes above the value of 1 in recent weeks, indicating shifts in market dynamics.

The recent spikes in this ratio corresponded with the periods when the ETH price began to rise, showing increased buying pressure.As of this writing, the Taker Buy Sell Ratio has slightly dipped below 1. This reduction may imply a temporary easing of buying pressure or an increase in selling activity.

These developments — the rise in Open Interest and the higher Funding Rate — suggest increased market activity and cash inflow from buyers. This subtle rise followed a more significant increase of over 1% in the previous trading session, which pushed its price to around $3,425.

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